Italy pledges €8bn to Juncker growth plan
Italy will commit €8.0 billion to European Commission President Jean-Claude Juncker's plan to boost economic growth, Prime Minister Matteo Renzi said on Tuesday.
EU leaders last December approved the broad outline of Juncker's €315 billion investment plan, intended to kick-start growth in Europe by financing hundreds of projects.
Renzi said on Twitter that Italy was pledging "eight billion euros" to the programme, matching a commitment from France this month and €1.5 billion promised by Spain at the end of February.
Italia contribuirà a Piano @JunckerEU con iniziativa di Cassa Depositi e Prestiti per 8 miliardi di euro @PCPadoan #lavoltabuona #crescita
— Matteo Renzi (@matteorenzi) March 10, 2015
Germany has also committed €15 billion to the plan, though other EU member states have been slower to react.
"The ball is rolling! Italy is the fourth member state to pledge a sizeable contribution to our Investment Plan for Europe," European Commission vice-president Jyrki Katainen said.
The ball is rolling! Italy is fourth country to pledge a sizeable contribution to our Investment Plan #investEU More: http://t.co/lYIvH6au2G
— Jyrki Katainen (@jyrkikatainen) March 10, 2015
"I am delighted that member states are putting their money where their mouths are, helping us to make the most of the plan and to create jobs and lasting growth in Europe," said Katainen, who is responsible for growth and investment.
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EU leaders last December approved the broad outline of Juncker's €315 billion investment plan, intended to kick-start growth in Europe by financing hundreds of projects.
Renzi said on Twitter that Italy was pledging "eight billion euros" to the programme, matching a commitment from France this month and €1.5 billion promised by Spain at the end of February.
Italia contribuirà a Piano @JunckerEU con iniziativa di Cassa Depositi e Prestiti per 8 miliardi di euro @PCPadoan #lavoltabuona #crescita
— Matteo Renzi (@matteorenzi) March 10, 2015
Germany has also committed €15 billion to the plan, though other EU member states have been slower to react.
"The ball is rolling! Italy is the fourth member state to pledge a sizeable contribution to our Investment Plan for Europe," European Commission vice-president Jyrki Katainen said.
The ball is rolling! Italy is fourth country to pledge a sizeable contribution to our Investment Plan #investEU More: http://t.co/lYIvH6au2G
— Jyrki Katainen (@jyrkikatainen) March 10, 2015
"I am delighted that member states are putting their money where their mouths are, helping us to make the most of the plan and to create jobs and lasting growth in Europe," said Katainen, who is responsible for growth and investment.
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